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Discover 5 Top Self Service Retail Stores

Curious about new technological advancements in the retail industry? Explore our analysis of 966 global startups & scaleups and learn how their self-service retail stores impact your business!

Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the retail industry. This time, you get to discover 5 hand-picked startups developing self-service retail stores.

Out of 966, the Global Startup Heat Map highlights 5 Top Self Service Retail Stores

The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.

The Global Startup Heat Map below reveals the distribution of the 966 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 961 self-service retail stores, get in touch.

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GoodieBoxx builds Self-Service Retail Stores

Due to fast-growing urbanization, it is challenging for a limited amount of land in a city to accommodate both residential and commercial demands. Therefore, it is important to rethink retail infrastructure and serve growing demands with limited capacities. Hence, startups develop automated retail stores that optimize retail inventory and logistics. This enables retailers to serve more customers with higher convenience within a limited space.

US-based startup GoodieBoxx provides automated self-service retail stores for brands and retailers to offer their products in non-traditional retail locations. The solution optimizes the retail inventory by analyzing, forecasting, and tracking sales. Moreover, the startup enables brands to move merchandise between distribution centers, replenishment carriers, and Goodieboxx stores as well as monitors the asset condition. Further, GoodieBoxx offers a mixed experience of offline and online shopping for customers and allows them to shop independently without any human assistance.

Wizcart provides Self-Checkout Applications

Retail stores lose on sales as more customers prefer shopping online, especially in the post-COVID era. Retail billing includes human assistance and long waiting hours which degrades customer experience. Self-service checkout technologies solve this problem by allowing customers to check out online while skipping the queues. Buyers then either pick the product directly or get it home delivered to save time and maintain hygiene.

Indian startup Wizcart offers self-service checkout apps for retail markets. Wizcart’s app allows customers to scan the product barcodes and self-checkout without waiting in the queue. Further, the app provides smart recommendations after analyzing previous purchase patterns to boost sales. The startup also offers an application for store staff that provides real-time inventory insights and tools to market the store.

Tilly develops Personal Shopping Assistants

Brands lose sales when customers do not find the right product information in-store or see a long queue for billing. On the other hand, good customer service boosts sales by recommending the right products to the buyers at the right time. But most customers find it difficult to get personalized service in a departmental store and, hence, prefer self-checkout options. This is why startups use artificial intelligence to develop retail assistants for in-store and online shopping experiences.

Australian startup Tilly develops personal shopping assistants for retail stores. The startup’s eponymous application allows customers to browse prices, discounts, and offers in a retail store and checkout without any physical billing. The solution uses pattern recognition technology to understand the customer shopping preferences and provide personalized suggestions that boost up sales. Customers also pass security by directly scanning the receipts without contacting any human security guards.

Bite manufactures Self-Service Kiosks

To limit the personal interaction with employees, customers prefer self-ordering through kiosks and mobile devices, especially in food retail. Self-ordering technologies speed up the ordering process and allow customers to surpass the currency hassle. Hence, startups develop self-ordering kiosks that use smart algorithms to provide a personalized experience. They also offer mobile-based technologies to enable customers to order from their devices in restaurants or retail markets.

US-based startup Bite develops custom kiosk software for self-service food retail businesses. The system enables customers to refer to the last purchases, choose the product, and check out using various channels. Further, it automatically processes orders that users collect as per the assigned token. The software uses a machine-learning algorithm to track the previous orders and provide intelligent recommendations. This enables brands to maximum order size and throughput, especially during peak times.

Invenda offers Smart Vending Machines

Many retail stores already have automated retail with self-service vending machines and kiosks. However, they still suffer losses due to theft and inefficient inventory management. Therefore, startups use the Internet of Things (IoT) and artificial intelligence to develop intelligent vending machines. These machines allow brands to provide a personalized and automated shopping experience with advanced verification technologies, thereby increasing customer satisfaction and sales.

Invenda is a Serbian startup that offers smart vending machines and intelligent fridges for the retail industry. The startup integrates smart sensors and cloud technologies into vending machines that enable real-time inventory management. The machines use artificial intelligence for dynamic product promotion and target marketing at the point of sale. Further, the devices provide customers with identity verification, multiple payments options, and loyalty options during self-checkout which enhances the customer experience.

Discover more Retail Startups

Retail startups such as the examples highlighted in this report focus on personalized marketing, contactless transactions, and automated inventory management. While all of these technologies play a major role in advancing the retail industry, they only represent the tip of the iceberg. To explore more retail technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Retail Innovation Report to save your time and improve strategic decision-making.

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